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India’s intensified probe into Chinese companies casts shadow on its image: experts ...Middle East
China India Photo:CFP India’s Enforcement Directorate, the country’s financial crime-fighting agency, reportedly conducted probes across 19 locations against what it described as “potential violations of the Prevention of Money Laundering Act” by Chinese-owned companies, reported India Today, in another unscrupulous move targeting Chinese companies. India’s heightened scrutiny of Chinese companies, fueled by purely political motives, is tarnishing the country’s image and transforming it into what resembles more of a “graveyard for foreign companies,” Chinese experts warned. The Enforcement Directorate alleged that the corresponding Chinese-owned fintech companies, collaborating with local
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